North Sea crude oil extraction falls in 2011 to lowest level in 30 years

September 8th, 2012 by International Economic Platform for Renewable Energies

According to a study by the International Economic Platform for Renewable Energies (IWR), a renewable energy institute in Muenster, Germany, the amount of crude oil drilled from the North Sea dropped to 124.7 million tonnes in 2011. This is a 12% decline from 2010 when 140 million tonnes of crude oil was extracted, and represents […]